Here’s How Much You’d Have Today if You Invested $5,000 Each in Amazon and Costco 3 Years Ago.
The Gains May Surprise You
Amazon (NASDAQ: AMZN) and Costco Wholesale (NASDAQ: COST) are both well known as sellers of consumer goods, but when it comes to its bottom line, Amazon is much more of a tech company than a retailer. That’s because Amazon also has cloud operations, chip design and production, and artificial intelligence (AI) infrastructure for other companies to utilize. Given how much the AI trend has lifted many tech stocks over the last three years, it would be reasonable to assume that Amazon would have been a better-performing stock than Costco.
That assumption proves to be correct, but anyone who invested $5,000 in both companies at the start of that period will probably find the difference between their two performances surprising. What a $5,000 investment in each looks like today Let’s start by looking at these two companies’ adjusted closing prices on July 14, 2023. With fractional investing, a $5,000 investment on July 14, 2023, would get you around 37.1 shares of Amazon or 9.5 shares of Costco.